Supposedly Steven Spielberg and J.J. Abrams had a conversation about their youth playing with Super 8 cameras which realized their current film project together. Produced by Spielberg, J.J. Abrams penned the screenplay that pays homage to Spielberg’s 70s films, which he will also direct.

Reportedly, the budget for Super 8 is roughly $50 million, but it’s confirmed that it will be shot traditionally instead of hand-held like Cloverfield.

J.J. Abrams is notorious for keeping things hushed, and this project is no different. The only concrete thing known about the plot is the line in the teaser: “In 1979, the U.S. Air Force closed a section of Area 51”. Anything else at this point is speculation.

Like J.J. Abrams’ Lost and Cloverfield, Super 8 has viral marketing, which is already underway. According to the website discovered by fans, something will be revealed on May 15h. The site can be found here.

Steven Spielberg and J.J. Abrams collaborating together on a film is very exciting, and I can’t wait to see what they come up with. I just hope George Lucas stays away from this movie. I mean . . . what?

Sources: (Vulture) (Variety)